mortgages spain

Spanish mortgages market

The Average Spanish Mortgage: 141,000 Euros, 24 Years And 70% At A Fixed Rate (2.69%)

The number of mortgages taken out on homes increased by 29.4% last January compared with the same month of 2021, to 36,185 loans. However, despite exceeding the figure of a year earlier, the volume of homes mortgaged in January this year has remained below the more than 40,000 that were signed in January 2020, before the pandemic. According to data released on Monday by the National Institute of Statistics (INE),…

Spanish mortgages market

Mortgages In Spain: 140,000 Euros At 24 Years, At 2.5%

According to data from the National Statistics Institute (INE), the number of mortgages taken out on homes increased by 32.1% in April at a year-on-year rate, to 31,909. Of this figure, 58.5% were taken out at a fixed rate, representing an all-time high. However, it should be noted the comparison is based on a month which last year was affected by the state of alarm, with non-essential activity suspended. For…

Spanish Housing Market

Why have mortgages fallen in Spain?

The new Mortgage Credit Law in large part explains the fall in housing mortgages in Spain. According to official data, the number of mortgages has fallen 29.9% yoy, which contrasts with the 4.9% increase in the first 8 months of the year. Loaned capital has also fallen by a similar amount of 26.4% (+6% in the year).